SEBI v. Ajay Agarwal
(2010) 3 SCC 765 · Supreme Court of India
Market intermediaries, including those in the settlement chain, remain answerable to SEBI.
Unit V · Law of Investments and Securities
Pledge, transfer and SEBI's role in the depository system
Study aid only. Confirm statute numbers with the current bare Act and the official OU LL.B. (3-YDC) 2024–25 syllabus PDF.
Statute sections
| Act / instrument | Section | Name |
|---|---|---|
| Depositories Act, 1996 | 11 | Register of beneficial owner |
| Depositories Act, 1996 | 12 | Pledge or hypothecation of securities held in a depository |
| Depositories Act, 1996 | 19 | Offences |
| Securities and Exchange Board of India Act, 1992 | 11(2)(la) | SEBI's functions in respect of depositories |
Landmark cases
Balkrishna v. SEBI
settlement-and-pledge line · Securities Appellate Tribunal
Misuse of pledged or dematerialised securities is treated as a market offence, not a private contractual dispute.